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PICC: the abbreviation of "people's Insurance Company of China". PICC consists of PICC Property Insurance Co., Ltd., PICC Life Insurance Co., Ltd. and PICC Reinsurance Company. The people's insurance group of China is a pioneer in China's insurance market. As one of the Chinese funded financial and insurance groups with the most business types and the most widely distributed institutional network, it operates in many fields, and its institutions are all over China, Hong Kong, Macao, Singapore, Japan, Indonesia, the United Kingdom, the Netherlands, New Zealand and other countries and regions. It is a powerful comprehensive financial and insurance service provider.